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CREDAI News

09 Jan 2022

Budget 2022: CREDAI seeks tax sops to boost housing demand; hike in deduction

He said the government should consider increasing the tax rebate for homebuyers significantly. Alternatively, the limit for deduction of interest should be increased to Rs 5 lakh in respect of the self-occupied property, it added. The limit on value of the unit be raised to Rs 75 lakh (for non-metro cities) and Rs 1.50 crore (for metro cities), it said.

08 Dec 2021

Low interest rates to aid recovery of housing sales; eyes on budget: Realtors

CREDAI President Harshvardhan Patodia said the decision is undoubtedly a progressive move. "Homebuyers should make the most of historic low home loan interest rates regime," said.Niranjan Hiranandani. Tata Realty and Infrastructure MD Sanjay Dutt said the decision will provide an opportunity for low interest regime.

india realty sector

10 Jun 2021

Severe blow to India's realty sector! 95% developers fear project delays

\4,813 developers from 217 cities participated in survey. One of the most extensive real estate surveys conducted as yet. 90% developers feel that second wave is more devastating.

17 May 2021

Navi Mumbai offers complete package with affordable housing being the key

Shah who is also Chairman Trustee Board of Builders Association of Navi Mumbai cites a report by ANAROCK Property Consultants and CREDAI – Navi Mumbai – City of Possibilities’ to confirm his claim.

17 Nov 2017

Centre increases carpet area of houses under PM Awas Yojana

Under the MIG-I category, the carpet area of the houses has been enhanced from 90 sq.Mtr to 120 sq.Mtr, while under the MIG-II segment, it has been increased to 150 sq.Mtr from the current 110 sq.Mtr, Union minister Ravi Shankar Prasad told reporters yesterday while briefing them about the Union cabinet decisions.

17 Nov 2017

Centre increases carpet area of houses under PM Awas Yojana; Realtors hail move

An official said many people were not opting to buy houses under the scheme as the previous carpet area did not seem very attractive to them.

Realty sector jobs

28 Sep 2017

Realty sector to have over 17 million workforce by 2025: Report

India has emerged as the most preferred outsourcing destination as per the findings of the 2017 Asia Pacific Occupier Survey Report of CBRE, he added.

31 Aug 2017

Some stalled projects tarnishing image of entire sector: CREDAI

Realtors' apex body CREDAI on Thursday said image of the entire real estate industry is being hit due to stalled projects of some big builders in Delhi-NCR and offered its help in completing their under-construction flats.

17 Aug 2017

CREDAI seeks PM's intervention for proper rollout of RERA

Real estate industry body CREDAI on Thursday sought the prime minister's intervention to ensure proper and expeditious implementation of the new real estate regulatory law to protect the interest of property buyers and developers.

17 Jul 2017

Gulshan Homz to invest Rs 400 crore on two projects in Delhi-NCR

Realty firm Gulshan Homz on Monday said it will invest Rs 400 crore over next three years to develop two housing projects in Noida and Greater Noida.

24 May 2017

Realtors differ over GST's impact on housing prices

Real estate bodies Naredco and Credai Wednesday gave contrasting assessments of the impact of GST on housing prices, highlighting the prevailing confusion in the sector regarding the new indirect tax regime.

24 May 2017

CREDAI seeks abolition of stamp duty on landed property

Real estate sectoral body CREDAI has urged the state governments to do away with the stamp duty on landed property to eliminate multi-point taxation after the introduction of GST.

30 Apr 2017

RERA to boost housing demand, protect buyers, say realty companies

Developers expect housing demand to recover with the implementation of the real estate law from May 1 as it will protect buyers from unscrupulous players, while prices will remain stable due to huge unsold inventory.

24 Apr 2017

SBI, CREDAI ink MoU for concessional loan for housing projects

State-owned SBI and realtors' body CREDAI have signed an agreement to provide loans at a concessional rate to builders as well as customers for affordable housing projects.

10 Apr 2017

CREDAI members to develop over 375 affordable home projects

These projects are spread across all over India and involve development of over 2,37,000 houses.

06 Mar 2017

Ensure timely delivery of housing units: Naidu to builders

Union minister M Venkaiah Naidu on Monday asked builders to fulfil their promises to home buyers and ensure timely delivery even as the realtors demanded that ongoing projects be exempted from the new realty law.

03 Dec 2016

Demonetisation: Bengaluru one of least affected cities: CREDAI

CREDAI today said Bengaluru is one of the least affected cities due to the demonetisation move as the market here has been predominantly transparent with cash transactions almost being negligible.

26 Nov 2016

Housing prices unlikely to come down in primary market post demonetisation: CREDAI

Credai, the realtor's body, on Saturday said that housing prices unlikely to come down in primary market post demonetisation since rates are already at the lowest level.

10 Nov 2016

Demonetisation to have no effect on real estate prices, best time to buy: CREDAI

Claiming that the demonetisation of Rs 500 and Rs 1,000 notes will have no bearing on the real estate sector in India, an office-bearer of a national body of developers/promoters on Thursday said the sector will rather move up.

08 Nov 2016

Real Estate industry opposes ban on construction work in Delhi-NCR

Realtors' body CREDAI today opposed the NGT order banning construction activities in Delhi-NCR saying this will not help in solving the pollution problem and rather impact adversely the delivery of real estate projects.

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